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Ronn Inc. Signs Jv Mou Agreement for Patented Low-Pressure Hydrogen Storage With Hydrogen Energy Systems Inc.

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RONN Inc. (OTC PINK:RONN) has announced an expanded MOU with Hydrogen Energy Systems Inc., focusing on patented low-pressure hydrogen storage solutions called Hydra-Paks. These will be implemented in RONN's hydrogen hub projects for Canadian First Nations agreements and adapted into RONN's HFC Mid-Mile Logistic vehicles for extended range.

The collaboration aims to promote sustainable low-pressure hydrogen technologies in both mobile and stationary applications. The US hydrogen energy storage market, valued at $3.17 billion in 2023, is expected to grow at a 5.3% CAGR from 2024 to 2030. Globally, the market is projected to expand from $11.4 billion in 2023 to $196.8 billion by 2028, driven by clean fuel demand and government efforts to reduce emissions.

RONN Inc. (OTC PINK:RONN) ha annunciato un MOU ampliato con Hydrogen Energy Systems Inc., focalizzandosi su soluzioni di stoccaggio dell'idrogeno a bassa pressione brevettate chiamate Hydra-Paks. Queste saranno implementate nei progetti di hub di idrogeno di RONN per accordi con le Prime Nazioni canadesi e adattate nei veicoli logistici HFC Mid-Mile di RONN per un'autonomia maggiore.

La collaborazione mira a promuovere tecnologie sostenibili di stoccaggio dell'idrogeno a bassa pressione sia in applicazioni mobili che stazionarie. Il mercato statunitense dello stoccaggio di energia idrogeno, valutato 3,17 miliardi di dollari nel 2023, si prevede cresca a un CAGR del 5,3% dal 2024 al 2030. A livello globale, il mercato dovrebbe espandersi da 11,4 miliardi di dollari nel 2023 a 196,8 miliardi di dollari entro il 2028, sostenuto dalla domanda di combustibili puliti e dagli sforzi governativi per ridurre le emissioni.

RONN Inc. (OTC PINK:RONN) ha anunciado un MOU ampliado con Hydrogen Energy Systems Inc., centrado en soluciones patentadas de almacenamiento de hidrógeno a baja presión llamadas Hydra-Paks. Estas se implementarán en los proyectos de centros de hidrógeno de RONN para acuerdos con las Primeras Naciones canadienses y se adaptarán a los vehículos logísticos HFC Mid-Mile de RONN para mayor autonomía.

La colaboración tiene como objetivo promover tecnologías sostenibles de hidrógeno a baja presión tanto en aplicaciones móviles como estacionarias. Se espera que el mercado estadounidense de almacenamiento de energía de hidrógeno, valorado en 3,17 mil millones de dólares en 2023, crezca a una CAGR del 5,3% de 2024 a 2030. A nivel mundial, se proyecta que el mercado se expanda de 11,4 mil millones de dólares en 2023 a 196,8 mil millones de dólares para 2028, impulsado por la demanda de combustibles limpios y los esfuerzos gubernamentales para reducir las emisiones.

RONN Inc. (OTC PINK:RONN)는 Hydrogen Energy Systems Inc.와의 확대된 MOU를 발표하여, Hydra-Paks라는 저압 수소 저장 솔루션에 초점을 맞추었습니다. 이 솔루션은 RONN의 수소 허브 프로젝트에 캐나다 원주민 협약에 맞춰 구현되고, RONN의 HFC 미드 마일 물류 차량에 맞게 조정되어 주행거리를 연장하게 됩니다.

이번 협력은 이동식 및 고정식 응용 프로그램 모두에서 지속 가능한 저압 수소 기술을 촉진하는 것을 목표로 하고 있습니다. 미국의 수소 에너지 저장 시장은 2023년 31억 7천만 달러로 평가되며, 2024년부터 2030년까지 5.3%의 CAGR로 성장할 것으로 예상됩니다. 전 세계적으로 시장은 2023년 114억 달러에서 2028년까지 1968억 달러로 확장될 것으로 예상되며, 이는 청정 연료 수요와 정부의 배출 감소 노력에 의해 촉진됩니다.

RONN Inc. (OTC PINK:RONN) a annoncé un MOU élargi avec Hydrogen Energy Systems Inc., axé sur des solutions de stockage d'hydrogène à basse pression brevetées appelées Hydra-Paks. Celles-ci seront mises en œuvre dans les projets de hub à hydrogène de RONN pour les accords avec les Premières Nations canadiennes et adaptées dans les véhicules logistiques HFC Mid-Mile de RONN pour une autonomie accrue.

La collaboration vise à promouvoir des technologies durables de stockage d'hydrogène à basse pression tant dans des applications mobiles que stationnaires. Le marché américain du stockage d'énergie à hydrogène, évalué à 3,17 milliards de dollars en 2023, devrait croître à un TCAC de 5,3 % de 2024 à 2030. À l'échelle mondiale, le marché devrait passer de 11,4 milliards de dollars en 2023 à 196,8 milliards de dollars d'ici 2028, soutenu par la demande de combustibles propres et les efforts gouvernementaux pour réduire les émissions.

RONN Inc. (OTC PINK:RONN) hat ein erweitertes MOU mit Hydrogen Energy Systems Inc. angekündigt, das sich auf patentierte Wasserstoffspeicherlösungen mit niedrigem Druck, genannt Hydra-Paks, konzentriert. Diese werden in die Wasserstoff-Hub-Projekte von RONN für Vereinbarungen mit kanadischen Ureinwohnern implementiert und in die HFC Mid-Mile Logistikfahrzeuge von RONN für eine erweiterte Reichweite integriert.

Die Zusammenarbeit zielt darauf ab, nachhaltige Wasserstofftechnologien mit niedrigem Druck sowohl in mobilen als auch in stationären Anwendungen zu fördern. Der US-Wasserstoffspeichermarkt, der im Jahr 2023 auf 3,17 Milliarden US-Dollar geschätzt wird, wird voraussichtlich von 2024 bis 2030 mit einer CAGR von 5,3 % wachsen. Global wird erwartet, dass der Markt von 11,4 Milliarden US-Dollar im Jahr 2023 auf 196,8 Milliarden US-Dollar im Jahr 2028 expandiert, unterstützt durch die Nachfrage nach sauberen Brennstoffen und staatliche Anstrengungen zur Emissionsreduzierung.

Positive
  • Expanded MOU with Hydrogen Energy Systems Inc. for patented low-pressure hydrogen storage solutions
  • Implementation of Hydra-Paks in hydrogen hub projects for Canadian First Nations agreements
  • Adaptation of patented technology into HFC Mid-Mile Logistic vehicles for extended range
  • Potential for widespread adoption of sustainable low-pressure hydrogen technologies
  • US hydrogen energy storage market expected to grow at 5.3% CAGR from 2024 to 2030
  • Global hydrogen energy storage market projected to grow from $11.4 billion in 2023 to $196.8 billion by 2028
Negative
  • None.

SCOTTSDALE, AZ / ACCESSWIRE / August 21, 2024 / RONN In. (OTC PINK:RONN) announced that the Company, which has officially forged a new expanded MOU with Hydrogen Energy Systems Inc. with a specific focus initially on their patented low-pressure hydrogen storage solutions, known as "Hydra-Paks expanding to mutual third-party mutual project collaboration.

The Hydra-Paks will be implemented into RONN's hydrogen hub projects to provide turn-key, low-pressure green energy storage solutions for Canadian First Nations agreements already in place. The Patents are also expected to be adapted into RONN's HFC Mid-Mile Logistic vehicles for an even more extended range.

Mr. Ford stated that the success of this pilot project could pave the way for the widespread adoption of sustainable low-pressure hydrogen technologies and fostering global commitments to environmental consciousness in both our mobile and stationary applications. We are committed to providing the best and latest technologies available to build a better life for the planet.

HES executives added that the patented low-pressure hydrogen storage opens doors to applications where low-pressure storage would provide the key to success, such as schools, residential areas, airports, ships, and transportation platforms.

In 2023, the US hydrogen energy storage market was estimated to be worth $3.17 billion and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. The industrial segment led the market in 2023, accounting for 40.56% of revenue. The global hydrogen energy storage market is also expected to grow from $11.4 billion in 2023 to $196.8 billion by 2028. Factors driving this growth include the demand for clean fuel, the transition to sustainable energy, and government efforts to reduce greenhouse gas emissions.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

John Morgan
IR
jmorgan@ronnmotorgroup.com

SOURCE: Ronn inc



View the original press release on accesswire.com

FAQ

What is the focus of RONN's new MOU with Hydrogen Energy Systems Inc.?

RONN Inc. has signed an expanded MOU with Hydrogen Energy Systems Inc., focusing on patented low-pressure hydrogen storage solutions called Hydra-Paks. These will be implemented in RONN's hydrogen hub projects and adapted for use in their HFC Mid-Mile Logistic vehicles.

How will RONN Inc. (RONN) use the Hydra-Paks technology?

RONN Inc. (RONN) will implement Hydra-Paks in their hydrogen hub projects to provide turn-key, low-pressure green energy storage solutions for Canadian First Nations agreements. They will also adapt the technology for use in their HFC Mid-Mile Logistic vehicles to extend their range.

What is the projected growth of the global hydrogen energy storage market according to RONN's press release?

According to RONN's press release, the global hydrogen energy storage market is expected to grow from $11.4 billion in 2023 to $196.8 billion by 2028, driven by demand for clean fuel, the transition to sustainable energy, and government efforts to reduce greenhouse gas emissions.

What was the estimated value of the US hydrogen energy storage market in 2023, as mentioned in RONN's announcement?

RONN's announcement stated that the US hydrogen energy storage market was estimated to be worth $3.17 billion in 2023, with an expected compound annual growth rate (CAGR) of 5.3% from 2024 to 2030.

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